Mirion Technologies (NYSE:MIR) Shares Up 6.8% – Time to Buy?

Mirion Technologies, Inc. (NYSE:MIR) shares rose 6.8% during mid-day trading on Thursday . The company traded as high as $16.75 and last traded at $16.6340. 746,809 shares were traded during mid-day trading, a decline of 80% from the average session volume of 3,709,931 shares. The stock had previously closed at $15.57.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MIR. B. Riley Financial dropped their price objective on shares of Mirion Technologies from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Citigroup cut their target price on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Jefferies Financial Group began coverage on shares of Mirion Technologies in a research note on Thursday. They issued a “buy” rating and a $20.00 target price on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $23.00 price objective on shares of Mirion Technologies in a report on Wednesday, July 29th. Finally, Morgan Stanley reduced their price target on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.56.

Mirion Technologies Stock Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 3.20 and a quick ratio of 2.63. The company has a 50 day simple moving average of $16.01 and a 200-day simple moving average of $18.08. The stock has a market cap of $4.20 billion, a P/E ratio of 168.60 and a beta of 1.05.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $266.80 million during the quarter, compared to analyst estimates of $269.32 million. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, equities analysts expect that Mirion Technologies, Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MIR. Stephens Investment Management Group LLC bought a new stake in Mirion Technologies in the fourth quarter valued at $18,969,000. Tredje AP fonden bought a new position in Mirion Technologies during the 4th quarter valued at approximately $6,576,000. First National Advisers LLC purchased a new position in shares of Mirion Technologies in the 4th quarter worth about $2,604,000. Rockefeller Capital Management L.P. raised its holdings in Mirion Technologies by 17.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,139,037 shares of the company’s stock worth $26,676,000 after buying an additional 167,454 shares during the last quarter. Finally, Lisanti Capital Growth LLC lifted its position in Mirion Technologies by 133.3% in the 4th quarter. Lisanti Capital Growth LLC now owns 156,740 shares of the company’s stock valued at $3,671,000 after acquiring an additional 89,565 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

About Mirion Technologies

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.